Waking giant is yuan to watch

October 5, 2018

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A wide range of Australian boards and investors have become used to ignoring danger signs because, after so many good years, the problems have been almost always overcome. (The Australian — 7 May, 2005)+ related stories

Westpac chief executive David Morgan believes a number of his rival banks and lending institutions are going to be forced to reveal unpleasant bad loan provisions as a result of the mauling investors have taken in the housing market. (The Australian — 6 May, 2005)+ related stories

Westpac chief executive David Morgan lived through onenear-collapse at the bank in the property downturn of the early1990s and he is determined to avoid the next one, even if thatmeans giving up some market share. – (Sydney Morning Herald — 6 May, 2005)+ related stories

Westpac chief executive David Morgan yesterday assessed interest rates as more likely to rise than fall, given the wage pressures caused by the 5 per cent unemployment rate – the lowest in 30 years. (The Australian — 6 May, 2005)+ related stories